UBS Group Cuts Fidelity National Information Services (NYSE:FIS) Price Target to $81.00

Fidelity National Information Services (NYSE:FIS) had its price objective lowered by UBS Group from $94.00 to $81.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the information technology services provider’s stock.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada decreased their target price on Fidelity National Information Services from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday. Compass Point reduced their price objective on Fidelity National Information Services from $126.00 to $113.00 and set a “buy” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods reduced their price target on Fidelity National Information Services from $102.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. Finally, Morgan Stanley dropped their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $87.95.

Fidelity National Information Services Stock Performance

Shares of FIS stock opened at $68.84 on Wednesday. Fidelity National Information Services has a 12-month low of $62.17 and a 12-month high of $91.98. The firm has a market capitalization of $37.06 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 0.63 and a beta of 1.04. The business has a 50 day simple moving average of $80.53 and a 200 day simple moving average of $82.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter last year, the company posted $0.94 earnings per share. On average, equities research analysts anticipate that Fidelity National Information Services will post 5.18 EPS for the current year.

Fidelity National Information Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. This is a boost from Fidelity National Information Services’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, March 11th. Fidelity National Information Services’s dividend payout ratio (DPR) is 61.30%.

Insider Activity at Fidelity National Information Services

In related news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were purchased at an average price of $79.97 per share, for a total transaction of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares of the company’s stock, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.

Institutional Trading of Fidelity National Information Services

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its position in Fidelity National Information Services by 3.8% in the fourth quarter. Capital Research Global Investors now owns 29,433,286 shares of the information technology services provider’s stock valued at $2,377,325,000 after buying an additional 1,082,929 shares in the last quarter. State Street Corp lifted its holdings in shares of Fidelity National Information Services by 0.9% during the third quarter. State Street Corp now owns 24,722,275 shares of the information technology services provider’s stock worth $2,070,491,000 after purchasing an additional 211,787 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Fidelity National Information Services by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 13,051,569 shares of the information technology services provider’s stock worth $1,052,819,000 after purchasing an additional 208,127 shares during the period. Boston Partners lifted its holdings in shares of Fidelity National Information Services by 3.9% during the fourth quarter. Boston Partners now owns 11,999,052 shares of the information technology services provider’s stock worth $968,326,000 after purchasing an additional 446,544 shares during the period. Finally, Norges Bank acquired a new position in shares of Fidelity National Information Services during the fourth quarter worth $635,202,000. Institutional investors and hedge funds own 96.23% of the company’s stock.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.